PayPal Financial News
10.02 / 17:19
Adoption
Payments
Investments
PayPal
Bitcoin
end
PayPal held $604M in Bitcoin and other crypto by the end of 2022
Global payment giant PayPal holds a significant part of its financial liabilities in cryptocurrencies like Bitcoin (BTC) offered to its customers.
09.02 / 19:09
09.02 / 13:39
COST
Provident
PayPal
CEO
BNPL provider Affirm cuts 19% of staff, ends crypto initiative
In a letter to workers regarding the layoffs, CEO Max Levchin stated that “Everything changed in mid-2022,” and further indicated that the Federal Reserve’s interest rate policy “dampened consumer spending and increased Affirm’s cost of borrowing dramatically. The root cause of where we are today is that I acted too slowly as these macroeconomic changes unfolded.”
23.01 / 17:03
Digital
PayPal
JPMorgan
Apple
Banks take on PayPal, Apple Pay with plans for a payment wallet
Wells Fargo, Bank of America, JPMorgan and four other banks are working on a new product that will allow shoppers to pay at merchants’ online checkout with a wallet that will be linked to their debit and credit cards.
13.01 / 15:25
business
PayPal
FinTech
Cross-border
PayPal Xoom adds cross-border remittance on debit card deposit
Financial technology firm PayPal’s international money transfer service, Xoom, has announced a new product that lets users in the United States send money directly to Visa debit card users.
11.01 / 16:19
Facebook
Career
PayPal
PayPal, Facebook, Palantir, and then FTX: How a crypto bet burned Peter Thiel’s winning streak
Peter Thiel has made some fantastic bets in his career, from PayPal to Facebook to Palantir. FTX cannot be counted as one of them.
11.01 / 16:18
Facebook
Career
PayPal
How FTX marred Peter Thiel’s winning streak
Peter Thiel has made some fantastic bets in his career, from PayPal to Facebook to Palantir. FTX cannot be counted as one of them.
16.12 / 14:29
Ethereum
PayPal
PayPal partners with ConsenSys MetaMask to allow US users to buy Ethereum
MetaMask, a self-custodial wallet, is a primary way millions of users – primarily in the US - interact with applications that include NFT marketplaces, play and earn games, DAOs, DeFi applications, and metaverse worlds.
15.12 / 13:45
08.12 / 19:33
Blockchain
PayPal
Gaming
Legal
Today in Crypto: PayPal to Expand its Crypto Service to Luxembourg, ByBit Integrates ApeX Pro DEX, Nomad Preparing Relaunch
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________
08.12 / 13:59
Blockchain
Digital
PayPal
crypto push
PayPal readies for EU crypto push with Luxembourg roll out
Customers can start by buying as little as €1 of cryptocurrency through PayPal. The move to Luxmbourg follows the introduction of the service two years ago in the US and expansion into the UK last year.Jose Fernandez da Ponte, SVP and GM, blockchain, crypto & digital currencies, PayPal, says: "Adding Luxembourg is an important step in PayPal’s mission to make digital currencies more accessible.
04.11 / 23:37
UPS
PayPal
Action
Bitcoin
Q3
PayPal Q3 Revenues Beat Estimates - What It Means for Crypto
Online payments company PayPal has posted a net revenue of $6.85bn for the third quarter, beating the market’s expectation of $6.82bn. The strong revenue means that digital payments services are still growing, which could potentially be a bullish sign for crypto.
17.10 / 19:31
PayPal
Platform
MasterCard
cryptocurrency trading
Mastercard is Bringing Cryptocurrency Trading to Banks
Mastercard plans to introduce a service that will let financial institutions offer to currency by acting as a bridge to the Paxos trading platform already used by PayPal. Mastercard will handle security and compliance.
03.10 / 13:07
Aware
PayPal
Platform
Outage Hits Coinbase Exchange, US Bank Accounts Clients Affected
Cryptocurrency exchange Coinbase issued alerts at 7:57 a.m. ET Sunday morning indicated that its platform was experiencing an outage that left Coinbase account holders with U.S. bank accounts unable to conduct transactions.
21.09 / 20:20
20.09 / 20:55
18.09 / 21:01
Adoption
VISA
PayPal
MasterCard
Business owners should get off PayPal and move to the blockchain
Do you believe that in five years every second transaction in e-commerce will be settled on blockchain? No? Well, that’s what people thought of plastic credit cards versus cash a few decades ago when it came to traditional stores.
31.08 / 20:49
COST
PayPal
UBS
Stocks making the biggest moves midday: Bed Bath & Beyond, Express, Snap, Rocket Lab and more
Check out the companies making headlines in midday trading.
25.08 / 13:15
Dogecoin
Digital
PayPal
Coinme Introduces 6 Additional Crypto Instant Trading by Cash
Coinme, a major cryptocurrency cash exchange based in Seattle and Washington, announced on Wednesday that it has introduced six additional cryptocurrencies to its list of buyable assets from its 10,000 grocery store kiosks across the United States.
24.08 / 13:41
23.08 / 08:39
business
PayPal
coinbase
AML
network
Paypal adds to list of crypto heavy hitters on the TRUST network
Crypto-friendly digital payments giant Paypal has been added to the Travel Rule Universal Solution Technology (TRUST) network, joining a host of big names in crypto that have moved to comply with digital asset travel rules.
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